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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (2290)	6/13/2002 8:55:47 PM
From: Jeff	Read Replies (2) \| Respond to of 30712

yup.....but NDX is under a pierce and sucker....$BPSPX made a new low....and the weekly BPNDX is under a nasty d-blow.. looks like a lower low coming..... interesting notes....MSFT and EBAY are playing high side max p ping pong while everything else is miles from max.... just dropping these two to max would send the market to new lows... if they gave up on max p this month....theres no reason to hold this up....unless some really great news gets a big ramp..... plus...we now had two closes under 1500....i just mentioned that when the day comes that we can't get back to 1500's and starting closing in the 1400's....we enter the lower trading level now that leads to nasdaq 1100-1200....with a ramp back to 1400's before the final dump to 800.... heres what the lower trading ranges look like......its a cliff dive...any rally starts way lower...and its really not a rally....just a bounce when looking at the big picture.. stockcharts.com[h,a]daclyiay[d19940613,19970807][pb9!b13!b20!h.02,.20!b200!b150!b50!f][vc60][iUb14!La8,17,9!Lh5,5!Le5,10,1!Li10,10!Lp14,3,3!Ll14!Lo15]&pref=G so...they had only one reason to ramp this market one more time....max p... if they give up on max p..... its drop to the next notch lower....1100's - 1400's you might see 1650 again in 2004....might even see 1700's again in 2005.... doesn't really matter.....no matter what they do with options...this next level is coming....its all part of the big picture to fulfill nasdaq's ultimate destiny... believe it...or not